S&P 500
7,633.20
+0.31%
Dow Jones
53,893.00
+1.14%
Nasdaq 100
29,106.20
+0.99%
Russell 2000
2,995.41
+0.37%
FTSE 100
10,904.40
+0.20%
Nikkei 225
64,309.90
+1.28%

Banking, finance, and taxes

Carlyle Soon To Be Worth Over $7 Billion After IPO (CG)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published

Invalid Image
Carlyle is already one of the top and largest private equity firms in the world.  Now it is set to be valued somewhere around $7.6 billion if its pricing goes off around the current targets.  An amended filing shows that the private equity shop plans to sell some 30.5 million units in a range of $23 to $25 per unit in an offering that would raise close to $760 million.

Carlyle has a huge underwriting group and the book-runners are listed as J.P. Morgan, Citigroup, and Credit Suisse.  Other underwriters listed on the tombstone are as follows: BofA Merrill Lynch; Barclays; Deutsche Bank Securities; Goldman Sachs; Morgan Stanley; UBS; ICBC International; Sandler O’Neill; Keefe Bruyette & Woods; CIBC; Itaú BBA; Nomura; Ramirez & Co.; Scotiabank; Societe Generale; The Williams Capital Group; Mizuho Securities; and SMBC Nikko.

This private equity leader managed roughly $147 billion in total assets as of the end of 2011 when the four business segments of corporate private equity, real assets, global market strategies, and funds of funds are included.  The company established the Fund of Funds Solutions segment on July 1, 2011 when it completed the acquisition of a 60% equity interest in AlpInvest.

This was one of our own Top 17 IPOs to Watch in 2012 and the firm will trade under the stock ticker “CG” on NASDAQ.

JON C. OGG

Contact [email protected] for any questions or corrections.

Follow 24/7 Wall St. on Google
Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

How a 52-Year-Old Can Turn $425,000 Into a Monthly Paycheck Machine by 62
Michael Williams |

How a 52-Year-Old Can Turn $425,000 Into a Monthly Paycheck Machine by 62
The Portfolio Blueprint for Building $50,000 a Month in Dividend Income
Michael Williams |

The Portfolio Blueprint for Building $50,000 a Month in Dividend Income

Continue Reading

Jon C. Ogg |

Carlyle IPO Moves Closer

The Carlyle Group L.P. is still planning to come public via an initial public offering.  The move will make one…

Jon C. Ogg |

Carlyle IPO Filing: Making the Billions Even More Liquid

Another private equity giant is set to come public in an initial public offering.  The Blackstone Group (NYSE: BX), Apollo…

Jon C. Ogg |

Carlyle Remains On Track for 2012 IPO (CG, BX, KKR, ACAS, OZM, FIG, PSP)

The Carlyle Group L.P. is still planning to be one of the top private equity initial public offerings of 2012. …

Jon C. Ogg |

IPO Watch: Freescale Value Around $5.6 Billion (FSL, BX)

Freescale Semiconductor Holdings is closer to its IPO.  It has now set the initial terms for the initial public offering…

Jon C. Ogg |

The 17 Most Important IPOs To Watch In 2012

The initial public offering market  in 2012 is likely to be much stronger than many anticipate. Despite the lingering uncertainty…

Jon C. Ogg |

When Private Equity-Backed Secondary Offerings Are Good (DG, KMI, KKR, GS, CG, PSP)

We had two rather large secondary offerings today where private equity firms are unloading stock.  The tally was about $3.4…

Jon C. Ogg |

Freescale IPO, Freefall Redux All Over Again (FSL)

Freescale Semiconductor Holdings (NYSE: FSL) is going to be a disappointing private equity technology IPO if the pricing matters.  That…

Jon C. Ogg |

Dunkin Brands Finally Files For IPO, A Private Equity Bonanza

Dunkin’ Brands Group, Inc. has finally filed to come public.  This is one of those IPOs which has long been…

Jon C. Ogg |

The 17 Most Important IPOs To Watch For In 2011

The market for Initial Public Offerings is booming.  After seeing so many IPOs trade exponentially higher than expected in 2010,…

Top Gaining Stocks

Airbnb
ABNB • Vol: 15,913,532
Microchip Technology
MCHP • Vol: 19,139,274
Palantir
PLTR • Vol: 77,244,625
Moderna
MRNA • Vol: 6,820,582
Axon Enterprise
AXON • Vol: 1,591,869

Top Losing Stocks

Trade Desk
TTD • Vol: 133,458,224
Coterra Energy
CTRA • Vol: 73,319,495
Akamai
AKAM • Vol: 8,143,961
Zoetis
ZTS • Vol: 12,784,553
ResMed
RMD • Vol: 3,810,438